Russell Diez-Canseco Sells 16,700 Shares of Vital Farms (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) CEO Russell Diez-Canseco sold 16,700 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $47.32, for a total transaction of $790,244.00. Following the sale, the chief executive officer directly owned 685,776 shares in the company, valued at $32,450,920.32. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Russell Diez-Canseco also recently made the following trade(s):

• On Tuesday, August 12th, Russell Diez-Canseco sold 16,700 shares of Vital Farms stock. The stock was sold at an average price of $46.11, for a total transaction of $770,037.00.

Vital Farms Price Performance

VITL opened at $48.56 on Friday. The company’s 50 day simple moving average is $43.73 and its 200 day simple moving average is $36.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.10 and a current ratio of 2.48. Vital Farms, Inc. has a 1 year low of $27.91 and a 1 year high of $53.13. The stock has a market capitalization of $2.17 billion, a PE ratio of 43.36 and a beta of 0.94.

Vital Farms (NASDAQ:VITL) last released its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.09. Vital Farms had a net margin of 7.84% and a return on equity of 18.40%. The business had revenue of $184.77 million for the quarter, compared to analysts’ expectations of $170.28 million. During the same period last year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Vital Farms has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Vital Farms, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

VITL has been the topic of several research reports. Mizuho raised their price target on shares of Vital Farms from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Telsey Advisory Group raised their price target on shares of Vital Farms from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 8th. DA Davidson raised their price target on shares of Vital Farms from $51.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 11th. BMO Capital Markets raised their price target on shares of Vital Farms from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus raised their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Vital Farms has an average rating of “Buy” and an average target price of $49.80.

Institutional Trading of Vital Farms

A number of hedge funds have recently made changes to their positions in VITL. Allspring Global Investments Holdings LLC increased its stake in shares of Vital Farms by 53.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,177 shares of the company’s stock worth $706,000 after buying an additional 8,049 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Vital Farms by 6.6% in the first quarter. Vontobel Holding Ltd. now owns 8,421 shares of the company’s stock worth $257,000 after buying an additional 521 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Vital Farms by 25.2% in the fourth quarter. Ameriprise Financial Inc. now owns 84,592 shares of the company’s stock worth $3,188,000 after buying an additional 17,017 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Vital Farms by 7.7% in the first quarter. Arizona State Retirement System now owns 9,407 shares of the company’s stock worth $287,000 after buying an additional 672 shares during the last quarter. Finally, Nexpoint Asset Management L.P. bought a new stake in shares of Vital Farms in the first quarter worth $558,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.